CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.64 and traded as low as C$17.54. CT Real Estate Investment Trust shares last traded at C$17.57, with a volume of 294,263 shares.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on CRT.UN shares. Royal Bank Of Canada boosted their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 19th. Raymond James Financial reduced their target price on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a "market perform" rating for the company in a research note on Wednesday, August 12th. TD boosted their price target on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a "hold" rating in a research note on Wednesday, May 13th. Scotia increased their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a "sector perform" rating in a report on Wednesday, May 13th. Finally, Desjardins increased their price target on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a "hold" rating in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$18.06.
Get Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Stock Down 1.1%
The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a 50 day moving average price of C$18.30 and a 200-day moving average price of C$17.64. The firm has a market cap of C$4.20 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 0.76 and a beta of 1.06.
CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The firm had revenue of C$156.71 million for the quarter. On average, equities analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.
CT Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a $0.0818 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. CT Real Estate Investment Trust's dividend payout ratio is currently 49.59%.
About CT Real Estate Investment Trust
(
Get Free Report)
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.
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